Saudi Arabia’s Vision 2030 faces its biggest test

Saudi Arabia’s Vision 2030 faces its biggest test

March 24, 2020
By VIRGINIA FURNESS

The Gulf’s largest economy is facing unprecedented challenges from the coronavirus Covid-19 and oil at $30 a barrel. Has diversification under Vision 2030 done enough to help Saudi Arabia weather the storm or will it be forced to abandon its dreams of diversification?

Nigeria could slip again on oil

Nigeria could slip again on oil

March 12, 2020
By KANIKA SAIGAL

The recent collapse in the oil price and Nigeria's (lack of) reaction to it echoes the way the country dealt with the crisis in 2015. Repetition of the same mistakes will only cause harm for Africa's largest economy.

Investment: Dubai risks a post-expo hangover

Investment: Dubai risks a post-expo hangover

March 04, 2020
By VIRGINIA FURNESS

Expo 2020 showcases economic and business opportunities in Dubai. Bankers hope it will lead to a boom in areas such as SME lending and infrastructure investment, but worry that a short-term lift will not be enough to dispel broader concerns about the country’s economy.

Gulf markets still struggle to attract investors

Gulf markets still struggle to attract investors

March 04, 2020
By VIRGINIA FURNESS

Despite MSCI index inclusion and a landmark trade by Saudi Aramco, global funds are still $70 billion underweight Gulf equities, but the UAE and Saudi are making progress in deepening markets.

DP World delisting is a blow to UAE markets

DP World delisting is a blow to UAE markets

February 20, 2020

DP World is planning to delist from the Nasdaq Dubai in a move that directly contradicts the UAE’s efforts to improve liquidity and diversity in its domestic exchanges.

Capital markets in UAE set for listings boost

Capital markets in UAE set for listings boost

February 03, 2020
By VIRGINIA FURNESS

A draft law in the United Arab Emirates will see more family-run corporates listing, while pension reforms will create a huge pool of investable assets.

Israel sells $3 billion bond as regional tensions abate

Israel sells $3 billion bond as regional tensions abate

January 10, 2020
By VIRGINIA FURNESS

Israel has taken orders of $20 billion for its first Eurobond of the year, despite the deadly strike on an Iranian general that threatened to push simmering Middle Eastern tensions to boiling point in early January.

Seven options for Lebanon as economic crisis deepens

Seven options for Lebanon as economic crisis deepens

December 02, 2019
By VIRGINIA FURNESS

The Lebanese authorities said that they met a $1.5 billion bond payment in late November, but with the country rapidly running out of money and in the absence of any clear ability to enact reforms, Euromoney looks at its options.

Cashless Kingdom: Saudi approves new e-wallet operator

Cashless Kingdom: Saudi approves new e-wallet operator

November 22, 2019
By VIRGINIA FURNESS

BayanPay, a digital payments company owned by London-listed Finablr, has received regulatory approval to operate its mobile money platform in Saudi Arabia, as the Kingdom looks to a future without cash.

Lebanon can stave off default, says central bank governor

Lebanon can stave off default, says central bank governor

October 24, 2019
By VIRGINIA FURNESS

Riad Salamé says that Lebanon has the tools it needs to stave off default, but with protestors demanding fundamental change, analysts question whether a radical overhaul of the country's economy is what is really needed.